State of Alaska Department of Revenue Purchases 3,073 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

State of Alaska Department of Revenue lifted its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 140,212 shares of the real estate investment trust’s stock after purchasing an additional 3,073 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Sabra Health Care REIT worth $2,427,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Sabra Health Care REIT by 1.7% in the third quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust’s stock worth $117,165,000 after purchasing an additional 104,533 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Sabra Health Care REIT by 222.4% in the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock worth $183,996,000 after purchasing an additional 6,819,919 shares during the period. Vestcor Inc increased its holdings in shares of Sabra Health Care REIT by 62.5% in the third quarter. Vestcor Inc now owns 207,918 shares of the real estate investment trust’s stock worth $3,869,000 after purchasing an additional 79,956 shares during the period. Barclays PLC increased its holdings in shares of Sabra Health Care REIT by 56.1% in the third quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust’s stock worth $12,624,000 after purchasing an additional 243,895 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Sabra Health Care REIT by 12.3% in the third quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust’s stock worth $9,543,000 after purchasing an additional 57,551 shares during the period. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Performance

Sabra Health Care REIT stock opened at $16.63 on Tuesday. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average of $17.13 and a 200-day moving average of $17.63. The firm has a market cap of $3.93 billion, a P/E ratio of 40.56, a P/E/G ratio of 2.02 and a beta of 1.25. Sabra Health Care REIT, Inc. has a 1-year low of $13.26 and a 1-year high of $20.03.

Sabra Health Care REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.22%. Sabra Health Care REIT’s dividend payout ratio is currently 292.68%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Tuesday, January 7th. Mizuho reissued a “neutral” rating and issued a $20.00 target price on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Finally, Truist Financial cut Sabra Health Care REIT from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $17.00 in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.86.

Sabra Health Care REIT Profile

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.